The Financial Conduct Authority (FCA) has reaffirmed its commitment to narrowing the financial advice gap, with head of consumer investments market analysis & policy Sara Woodroffe stressing the urgency of delivering a viable policy solution.
Speaking at The Lang Cat Live Divide and Conquer 2025 conference yesterday (6 February), Woodroffe outlined the regulator's approach to the advice/guidance boundary review, which aims to expand financial support to those currently underserved. "The advice/guidance boundary review is a key priority for us," she said. "We need to deliver our policy quickly and properly. That means understanding tech and the consumer." Woodroffe pointed out that only 9% of UK consumers currently receive financial advice, leaving the majority without the guidance they need to manage their savings and inve...
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